The Traderszone Network

Published in TZ Latest News 2 September, 2015 by The TZ Newswire Staff

Toshiba to post annual net loss of about 10 billion yen: Yomiuri

Japan’s Toshiba Corp is likely to post a net loss of about 10 billion yen ($83 million) when it reports its financial 2014/15 earnings as early as this week, the Yomiuri daily reported, amid a probe into improper accounting at the company. Toshiba was already expected to report a loss after an independent probe found it had overstated its profits by $1.2 billion over several years, but the figure cited by Yomiuri was the first indication of how deep that loss would be. There was no immediate comment from Toshiba.